Alpha Metallurgical Resources (NYSE:AMR) Sets New 1-Year Low – Should You Sell?

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) hit a new 52-week low during trading on Thursday . The stock traded as low as $146.85 and last traded at $148.95, with a volume of 335476 shares. The stock had previously closed at $150.78.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Alpha Metallurgical Resources Stock Performance

The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 5.03 and a beta of 1.43. The business has a fifty day simple moving average of $183.33 and a 200 day simple moving average of $210.46.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. During the same period in the prior year, the firm earned $12.88 EPS. The business’s revenue for the quarter was down 35.7% on a year-over-year basis. On average, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the completion of the sale, the director now owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 15.00% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

Several large investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in shares of Alpha Metallurgical Resources by 30.2% during the third quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock worth $188,610,000 after buying an additional 185,376 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Alpha Metallurgical Resources by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company’s stock worth $147,366,000 after purchasing an additional 28,225 shares in the last quarter. Renaissance Technologies LLC raised its position in Alpha Metallurgical Resources by 0.8% in the fourth quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company’s stock valued at $108,108,000 after purchasing an additional 4,200 shares during the last quarter. Dalal Street LLC boosted its stake in shares of Alpha Metallurgical Resources by 1.6% during the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company’s stock valued at $97,509,000 after purchasing an additional 7,553 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Alpha Metallurgical Resources by 9.8% during the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock worth $71,844,000 after purchasing an additional 32,027 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.